Moneycontrol PRO
Check Credit Score
Check Credit Score
HomeNewsBusinessMarkets

Indian rupee opens lower at 64.14 per dollar

We expect a little bit of rupee bearishness to continue, says Bhaskar Panda of HDFC Bank.

September 15, 2017 / 09:01 AM IST
rupee

rupee

The Indian rupee opened marginally lower at 64.14 per dollar on Friday against previous close 64.12.

Bhaskar Panda of HDFC Bank said, "We expect the USD-INR to trade in a range of 64-64.20. We expect a little bit of rupee bearishness to continue."

He further added, "The 10-year benchmark bond yield is expected to move up slowly past 6.60 percent and the range today is seen between 6.59-6.62 percent."

The dollar fell against the safe-haven yen after North Korea launched a missile which flew over Japan earlier this morning.

Tags: #Rupee
first published: Sep 15, 2017 09:00 am

Discover the latest business news, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347